PEARL GOLD AG: Notification of Loss according to Sec. 92 (1) German Stock Corporation Act

Frankfurt (pta001/11.05.2016/01:30 UTC+2) 10 May 2016. The management board of Pearl Gold AG announces that based on the current status of the preparation of the financial statements for the fiscal year 2014, according to one's best judgment, it has to be assumed that currently a loss occurred of more than half of the registered share capital. The reason is essentially an unplanned depreciation of the balance sheet item "claims vis-à-vis companies in which Pearl Gold AG holds an interest". This balance sheet item includes claims for physical delivery of gold against the participation Wassoul'Or SA.. As is known, Wassoul'Or SA is undergoing a kind of debtor protection proceedings under the laws of Mali. The competent court in Mail has approved a restructuring plan ("concordat") which obligates Wassoul'Or SA, inter alia, to pay an amount of USD 15 million to the company in 2016 on account of the existing obligation to deliver gold to the Company. An adjustment of the value of the claims is necessary, as following a recent site visit at Wassoul'Or SA and an interrogation of witnesses performed by a bailiff ("huissier") in Mali, the company has taken the view that it is no longer likely that the gold production will start in this year which would be required to make the payment which is owed to the Company.

With the approval of the supervisory board, for cost and expedience reasons, the general meeting regarding the notification to be made pursuant to Sec. 92 (1) German Stock Corporation Act will be combined with the imminent general meeting which shall deal with the annual financial statements for the fiscal year 2013. The general meeting so far called for 19 May 2016 will be postponed to 29 June 2016 to comply with the applicable convocation periods. Besides the notification of the loss, the general meeting will have the same agenda (as extended by request of shareholders). The publication of the convocation notice will be made in the next days.

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Emitter:	PEARL GOLD AG Neue Mainzer Straße 28 60311 Frankfurt Germany
Contact Person:	Reza Pacha
Phone:	+49 69 971097-555
E-Mail:	info@pearlgoldag.com
Website:	www.pearlgoldag.com
ISIN(s):	DE000A0AFGF3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt